Altimeter Capital Management LP Has Decreased Expedia Group INC (EXPE) Position as Shares Rose

June 17, 2018 - By Maria Brooks

Expedia Group, Inc. (NASDAQ:EXPE) LogoInvestors sentiment decreased to 0.89 in Q1 2018. Its down 0.17, from 1.06 in 2017Q4. It worsened, as 75 investors sold EXPE shares while 170 reduced holdings. 73 funds opened positions while 145 raised stakes. 116.20 million shares or 1.99% less from 118.55 million shares in 2017Q4 were reported. Gulf Int Bancorp (Uk) Limited owns 37,442 shares or 0.05% of their US portfolio. Jefferies Grp Lc has 0.01% invested in Expedia Group, Inc. (NASDAQ:EXPE). 169,369 were reported by Ny State Teachers Retirement System. Moreover, Profund Advsr Ltd Liability Corporation has 0.2% invested in Expedia Group, Inc. (NASDAQ:EXPE). Signaturefd Ltd Co stated it has 0% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE). Pub Sector Pension Investment Board has 6,556 shares for 0.01% of their portfolio. Burgundy Asset Management Ltd reported 298,289 shares. Cibc Asset Mgmt Inc accumulated 18,997 shares. Fdx Advisors accumulated 0.01% or 2,040 shares. Great West Life Assurance Company Can reported 85,378 shares. Strs Ohio holds 0% in Expedia Group, Inc. (NASDAQ:EXPE) or 4,681 shares. Burney Company invested in 0.13% or 18,326 shares. Canada Pension Plan Invest Board has invested 0.15% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE). Brown Advisory Inc reported 0% of its portfolio in Expedia Group, Inc. (NASDAQ:EXPE). Highbridge Capital Mgmt Limited accumulated 3,685 shares or 0.01% of the stock.

Brad Gerstner decreased its stake in Expedia Group Inc (EXPE) by 42.78% based on its latest 2018Q1 regulatory filing with the SEC. Altimeter Capital Management Lp sold 1.47M shares as the company’s stock rose 10.51% while stock markets declined. The hedge fund run by Brad Gerstner held 1.96 million shares of the consumer services company at the end of 2018Q1, valued at $216.85M, down from 3.43 million at the end of the previous reported quarter. Altimeter Capital Management Lp who had been investing in Expedia Group Inc for a number of months, seems to be less bullish one the $18.64 billion market cap company. The stock increased 0.44% or $0.54 during the last trading session, reaching $124.12. About 971,313 shares traded. Expedia Group, Inc. (NASDAQ:EXPE) has declined 19.04% since June 17, 2017 and is downtrending. It has underperformed by 31.61% the S&P500.

Altimeter Capital Management Lp, which manages about $1.35B and $2.02 billion US Long portfolio, upped its stake in Spirit Airlines Inc (NASDAQ:SAVE) by 222,750 shares to 225,000 shares, valued at $8.50M in 2018Q1, according to the filing. It also increased its holding in Trivago Nv by 718,495 shares in the quarter, for a total of 1.13M shares, and has risen its stake in Tableau Software Inc (NYSE:DATA).

Analysts await Expedia Group, Inc. (NASDAQ:EXPE) to report earnings on July, 26. They expect $0.53 EPS, down 19.70 % or $0.13 from last year’s $0.66 per share. EXPE’s profit will be $79.58M for 58.55 P/E if the $0.53 EPS becomes a reality. After $-0.69 actual EPS reported by Expedia Group, Inc. for the previous quarter, Wall Street now forecasts -176.81 % EPS growth.

More recent Expedia Group, Inc. (NASDAQ:EXPE) news were published by: Seekingalpha.com which released: “Booking Holdings: Great Business Despite Increasing Competition” on May 30, 2018. Also Forbes.com published the news titled: “After A Strong Start To The Year, What We Expect From Expedia In 2018” on May 29, 2018. Investorplace.com‘s news article titled: “20 Nasdaq-100 Stocks That Will Heat Up 2H18” with publication date: June 15, 2018 was also an interesting one.

Expedia Group, Inc. (NASDAQ:EXPE) Ratings Coverage

Among 22 analysts covering Expedia (NASDAQ:EXPE), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Expedia has $180.0 highest and $101 lowest target. $134.74’s average target is 8.56% above currents $124.12 stock price. Expedia had 31 analyst reports since January 3, 2018 according to SRatingsIntel. The rating was maintained by SunTrust on Friday, February 9 with “Buy”. The stock of Expedia Group, Inc. (NASDAQ:EXPE) has “Overweight” rating given on Friday, February 9 by KeyBanc Capital Markets. The firm earned “Buy” rating on Friday, February 9 by Cowen & Co. The stock of Expedia Group, Inc. (NASDAQ:EXPE) has “Overweight” rating given on Wednesday, March 7 by Barclays Capital. Barclays Capital maintained the shares of EXPE in report on Friday, April 27 with “Overweight” rating. The stock has “Buy” rating by SunTrust on Friday, January 12. Citigroup maintained Expedia Group, Inc. (NASDAQ:EXPE) rating on Friday, February 9. Citigroup has “Buy” rating and $140 target. The stock has “Buy” rating by RBC Capital Markets on Thursday, February 8. The stock of Expedia Group, Inc. (NASDAQ:EXPE) has “Hold” rating given on Friday, February 9 by Benchmark. JP Morgan maintained Expedia Group, Inc. (NASDAQ:EXPE) rating on Monday, February 12. JP Morgan has “Neutral” rating and $115 target.

Expedia Group, Inc. (NASDAQ:EXPE) Institutional Positions Chart

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